Photo: Sam Tsang Photo: Sam Tsang
Photo: Sam Tsang
HSBC

HSBC cuts bonus pool by US$600 million as bank focuses on costs, bad loans

  • Bonus cuts come despite 55 per cent jump in revenue in global markets business in second quarter
  • HSBC warned this week it may have to set aside up to US$13 billion for bad loans this year

Topic |   HSBC
Photo: Sam Tsang Photo: Sam Tsang
Photo: Sam Tsang

Corrected [10:43am, 7 Aug, 2020]

  • [10:43am, 7 Aug, 2020]

    Corrects reference period for soured loan provisions in summary point, seventh paragraph

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